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blockbuster retail sales. this economy is stronger than you think. that may be a triumph. president obama says there's no immediate debt crisis. he thinks we're clear for the next ten years. sir, are you sure? we'll have the details four on that debate and doesn't forget free market capitalism is always the best path to ross peter. later in the show we'll show you a violation of it that blows my mind. i'm kudlow. we'll be right back. revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business. see lioutdoors, or in.ight. transitions® lenses automatically filter just the right amount of light. so you see everything the way it's meant to be seen. maybe even a little bett
to jump-start the economy, not just the stock market. let's go to nicole petallides at new york stock exchange. david: let's start, nicole. we start with fedex it was an extraordinary run-up. it was in the $100 range. it pulls back quite a bit. this is the biggest pullback since 2011? >> certainly is, the biggest pull back since 2011. concerns globally and also going to cut down what they're shipping over it asia. lauren: how is oracle looking ahead of their earnings release, nicole? >> we're watching oracle closely in the tax realm. we'll see whether or not they have earnings. [closing bell rings] david: best buy up another 5%. that stock can not be denied. as you her the bells are ringing on wall street. looks like the indexes are going to keep essentially where they were before and after ben bernanke began to talk. looked like they were sliding a bit. they stopped that slide. trading this the 50 to 60-point range on the dow. the s&p is doing better percentagewise. nasdaq is doing well. russell 2000, small and mid-sized caps doing well. there are interesting company stories and sect
: the pope, the economy, the smart phone and a tour of rome when we continue. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: we begin this evening with continued analysis of the historic events in rome. all eyes on the vatican. on wednesday evening, jorge berguliglo many saw him as a surprise choice. he's the first jesuit. pope francis is known for humanity and long time service to the poor. he inherits a troubled church much reconciled tradition with a modernizing world. joining me now in rome and new york, monsignor lorenzo al katie and frank bruni and on the phone from rome daniel wakin to talk about what has happened since the selection of the new pope -- why this pope. >> two main reasons. one is significant cardinals really did want to go in a different direction. i think they wanted someone that into of could interject a hint of humanity and solidarity with the poor. a tough administrator. and the other part which is hard to figure out is due to the internal policies of the conclave and the jockeying of different groups
this economy. and i thank you once again, my good friend from california, for making all the important points this evening. mr. garamendi: washington, d.c., your leadership in this community has been known for some time and i thank you very much for joining us tonight. i want to do two things before i end. first of all, medicare is back on the table. the ryan budget takes up medicare once again and provides a voucher that will destroy it. i'm going to change this. medicare, 1965, president 2013, created by l.b.j., destroyed by the g.o.p. i don't think so. seniors don't want it. americans don't want it. the last campaign for presidency, this was one of the major issues and ryan is coming back with it. bad idea, bad timing. and i want to end with this, this is a great country. there is no other place in the world like the united states. it is one terrific country. there is enormous energy in this country, where people want to get a job and go to work and businesses want to grow and hire people. all of that is waiting for congress to get its act together, to get this sequestration out of the way
the world's second largest economy, after the united states. and it is the second largest foreign holder of u.s. debt, about 7.5% of the total. but the two nations' economic relationship has been marred recently by allegations of widespread cyber-attacks on american targets. >> increasingly, u.s. businesses are speaking out about their serious concerns about sophisticated, targeted theft of confidential business information and proprietary technologies through cyber intrusions emanating from china on an unprecedented scale. >> woodruff: china's foreign minister initially dismissed the allegations, but on tuesday a spokeswoman took a different tone. >> ( translated ): what the internet needs is not war but rules and cooperation. china is willing, on the basis of the principles of mutual respect and mutual trust, to have constructive dialogue and cooperation on this issue with >> woodruff: u.s. officials welcomed that statement, and today, white house press secretary jay carney said president obama telephoned xi to congratulate him on his election. as for the cyber-attack issue... >> i can
the people who otherwise woif brought a business into new york. to make the economy grow, you need inbound migration, not outbound migration. neil: it's a dollar's choice for you; right? i mean, you could go to north dakota, but north dakota's pretty far from here, so you go to florida? obviously, a lot of people do. there's no income tax, no estate tax, but a lot of peep don't like the heat. i'm just saying, you know, maybe people are looking at this wilbur saying there's a lot of high tax states. california is one of them. new york is one of them. tristate, new york city, new jersey, connecticut area, all high tax states. where do we go? that's what politicians count on. >> my guess is he'll be in the sense to bring in more tax than he will lose. i don't think you're going to have vast outbound migration, but i think the question is, did you break safe with the business community when you promise them the temporary tax, people sported it. i don't know very few people in the business community opposed it the first time because we thought, well, he's doing a good job. he's trying to fix it
and the austerity he is putting in place has caused the economy to be really slow. >> a lot of tax increases over there in europe. we look at this austerity bit. i want to talk about this for a second. >> i want to get back to the budget then. >> talk about what is happening in washington. you know, economics discussed on tv or on the internet or on twitter, it's so depressing, because people really don't know what they are talking about and they just sort of boil it down and there is this belief through the years, that tax cuts are not a tool used. of course, tax cuts are a tool used and tax increases something that traditional are against in bad times. we hear about austerity across great britain and we never hear about the tax increases. when you talk about the fact they cut and slash spending at the same time they hike taxes, it really was a formula made to fail. >> spending cuts and tax increases both take money out of the economy and slow the economy and, yes, they create this idea of austerity. but, look. it's a balancing problem. on the one hand you need to deal with it budgets and defici
for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and friends of the newshour. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to yo pbs station froviewers like you thank yo >> woodruff: china officially installed its new leader today. xi jinping took the final step in affirming his status, adding the post of president to his other positions of power. the delegates arriving at beijing's great hall of the people had been carefully selected. and once inside, they did just as expected, formally electing xi jinping as president. ( applause ) he was the only candidate, and won 2,952 votes. a lone delegate voted no, and three abstained. >> ( translated ): it meets the popular expectations, and it meets the expectations of the chinese people and t
to ground in congress on handling the economy. we're in the middle of another budget mess and this time the president is not winning the battle handsdown. today we get the democrats trillion dollar tax hike plan and wait for it, stocks will be up again. okay retail sales, yes, stocks up again. here we go. "varney & company" is about to begin. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. weike this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades whenou open an account. neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from th
in a big way, whether it is a game changer and what that means for the market and the economy and everything else. i know we'll be talking about it it at noon. >> we're going to get our last word. they can talk about it for just one second and not that long because we've only got a minute and we'll talk to henry blodget and curtis artledge. you asked a question about jc penn penney. maybe they can raise more cash, but they're running out of cash at this point. they don't have that much left. >> you have a final thought on either jc penney or more importantly, the markets? >> i think today's entire discussion has been about the early stages of confidence building and we get past these two gigantic minefields of fiscal cliff and sequester. we start to see m & a pickup and retail sales and they're willing to spend money because they're more scared about their job. we see capital expenditures and people starting to plan for them and sentiment, actually, when we talk about it i don't think there's that much complacency. people are still nervous. >> scott, it was great having you he
, and the economy. without it, things simply can't exist. woman: we have good health in this country, in part, because we have clean water. and we shouldn't forget that, and we shouldn't take it for granted. melosi: in the late 19th century, serious waterborne disease epidemics were having devastating effects. roy: but then, in the early 1900s, we began to treat our water. and since then, we've seen a rapid decline in the incidence of waterborne disease. narrator: most cities treat drinking water through filtration, chlorination, and sometimes ozonation to kill pathogens in the source supply. these are complex treatment plants that cost millions of dollars to operate, but are necessary for our wellbeing. the treatment of drinking water has been called one of the greatest public health achievements of the last century. the water infrastructure itself protects the treated water until it comes out of our taps. it's been since 1911, since we had an outbreak of cholera or typhoid in the united states. but that doesn't mean that it can't happen. it can happen. if we aren't on our guard all the time
of the country. high taxation and high debt are holding back the economy and the g.o.p. believes mr. obama is creating a nation at war with itself. the affluent vs. the nonaffluent. over the weekend senator ted cruze of texas, a conservative, delivered a very emotional speech at cpac. >> my father came from cuba. he had been in prison. he had been tortured in cuba. and he came to texas with nothing, with 100 in his underwear. didn't speak a word of english. washed dishes making 50 cents an hour. in someone had came up to that 18-year-old kid avenue as he was washing dishes and suggested to him that 55 years hence his son would be sworn into office as a united states senator representing the great state of texas. [ applause ] that would have been unimaginable. >> now mr. cruze says his dad made it on his own without government assistance. he worked hard and provide for his family and now his son has achieved the american dream. that's the way this country is supposed to work. but president obama himself has a very compelling story to tell. his father abandoned him. he was raised primarily b
is a big concern. china is a big concern. they said china's economy is showing symptoms that sparked the crisis in 2008, the warning and saying they risk financial crisis. obviously, concerns about china. i'm going to stick to the cypress theme and put it together. the vix, fear index popped. you see the 1275 right now, up 17%. at one point, up 13%. right now, let's look at the financials because they certainly reacted. in some cases, dramatically, and the idea of them taxing deposits there. citigroup down 2% and banks abroad hit harder. back to you. >> a full and complete report, thank you, nicole. >> for the bailout proposal, is the tax on bank deposits, and that is sparking outrage and fear that there's going to be a run on the banks there. david, chairman and chief investment officer of dumb beer land as visiers of -- cumberland, and why do you think it's a big deal, david? >> caller: well, the finance ministers, the decision has been announced. the cat is out of the bag. once you open the door to taxing a deposit when you have a liquidity crisis, you can never close the door aga
understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back to squawk this morning. the dow has reached a ninth straight up session. is the market due for a correction? we've been talking about that for a long time. let's start that discussion. we have a couple of people joining us. gene peroni, senior vice president and portfolio manager at advisers asset management. we have joe kinehan. and on set, david pearson, senior vice president and chief economist at nationwide insurance. do we think a correction is coming? >> you know, there are corrections all the time. as long as the fed keeps monetary policy with pedal to the metal expansion and the economy is growing, then the trend in the stock market should be up. >> i'm going to go to santoli. do you think a correction is coming? >> i thought the ingredients we
. and stay the course. that's the message from the fed chairman ben bernanke today. he says our economy is improving but it still needs help. so the fed will keep interest rates at record low levels and will keep buying $85 billion in bonds each month. stocks like that, the dow up 56 points. briefly hitting a new record. the nasdaq up 25. the s&p up 10. of course, investors the world over are still watching the tiny island nation of cyprus as it nears possible bankruptcy. banks there are closed for the rest of the week now. and lawmakers are working on a plan b after parliament rejected a proposal to tax people's savings accounts. the fox business network peter barnes is live in the newsroom in washington. how concerned is the fed about cyprus? >> well, shep, he said the feted is paying attention to it, monitoring cyprus carefully. he said that so far its problems don't appear to be spreading to the u.s. or other countries. and that's the big concern here that this could become a contagion and trigger another financial crisis. but, bernanke suggested cyprus is unique, that its banking s
crude prices can tell us about the broader economy. stick around. ♪ ♪ no two people have the same financial goals. pnc works with you to understand yours and help plan for your retirement. visit a branch or call now for your personal retirement review. at a hertz expressrent kiosk, you can rent a car without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at the speed of hertz. all stations come over to mithis is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >>> good morning. welcome back to "squawk box" here on cnbc. i'm joe kernen along with becky quick and andrew ross sorkin. u.s. equity futures at this hour after giving back about 62, well off the lows yesterday. indicated that a bounce a little, but a time can happen between thou and 9:30 on the east coast. there's energy, you see crude
for a job for a long time. i am trying to support my children. >> those involved ways government -- economy -- though zimbabwe's economy has begun recovering, full recovery remains elusive. would coste industry at least $1 billion. it is unlikely they will get the funds anytime soon. mohammed adow, al jaazeera. >> two years ago, a visit by the leader of myanmar to australia would have been highly improbable. now, thein sein -- now thein sein has become the first myanmar president to visit australia in four decades. australia is boosting aid. , civilunited states rights groups are taking the new york city's police department to court, claiming that the stop and frisk policy unfairly targets minorities. this east new york city neighborhood, crime and poverty are rampant -- >> in this east new york city neighborhood, crime and poverty are rampant, that many young men say it is the police they fear most. some were afraid to give their last names in describing their dealings with police. >> how are you all doing? >> i have had going -- had guns pointed at me based on my appearance. stop and fri
are not helping people to improve their conditions. the scandals have devastated our economy. host: thank you very much for the call. this is a profile on the snap program in rhode island. it is an ackerman for the supplemental nutrition assistance program. let us go to jason from britain, new jersey. caller: thank you for this great topic. i think it is one we can all relate to because everyone has to eat. it all starts with food. athink the first lady has set good example with the garden she is growing behind the white house. given to allwas americans to grow a garden. this could wipe out the hunger problem probably within one growing season. some type of tax incentive, some the of extra tax on corporations and oil companies that are getting subsidies. take a small fraction of that away. give that to citizens to grow food. around in onethis season. this is an opportunity out of anniversary -- this is an opportunity. out of adversity comes opportunity. it is a travesty to see americans going hungry. these are programs i did not even get interested in. it is easy for us to blame government. let us
capital economy will flea to lower tax states. >> we have the right to change the rules op you after the fact, and that's what's nos fair. >> some in sacramento are trying to unwind this. california's not cypress, it's not taking, but to many, it is clearly unfair. >> no, it is. it is so unfair. i mean, changing the rules after the fact is crazy. william thank you for the report. >> you bet. >> well, in the mean time, a huge win if you're one who likes to resell things from ebay to yard sales, and itch ed -- rich edson in washington. rich? >> e bay and overstock.com love the decision. publishers, not so much. the supreme court questioned whether a student could buy cheaper, foreign made and sold textbooks and resell them in the united states for profit. copyrights permits sales only overseas, but the courts said no. once americans buy an item, they buy and resell it of the the other decision could have made it difficult to resell foreign items in the u.s.. libraries say the decision is a landmark win for consumers, small businesses, online marketplaces, retailers, and libraries natio
the economy as the most frequently named problem in the poll. that 20%, by the way, as i said a minute ago, is highest since early june 1974. just months, actually months before richard nixon resigned. we'll be right back. no. oh dad, you remember my friend alex? yeah. the one that had the work done... good to see you. where do we go when we die? the ground. who's your girlfriend? his name is chad. and that's where babies come from. [ male announcer ] sometimes being too transparent can be a bad thing. this looks good! [ male announcer ] but not with the oscar mayer deli fresh clear pack. it's what you see is what you get food. it's oscar mayer. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before i
economy and creates good jobs that american people need to support their families. we must balance our budget for our students. those who are currently in our universities and community colleges should feel confident that an investment in their education will lead them to good-paying jobs when they graduate. a balanced budget gives them that confidence that their future will not be threatened by staggering debt. most important we must balance our budget for our children and grandchildren who deserve the same chance of the american dream that we have been given. rather than handing them a bill for this generation's irresponsibility, a balanced budget will allow us to hand them a brighter future, an american future. our budget, a balanced budget, represents a departure from the status quo here in washington and it represents house republicans' commitment to moving our nation forward in a fiscally responsible way. i urge my colleagues to support this resolution and i yield back my time. the speaker pro tempore: the gentleman yields back. the chair recognizes the gentleman from maryland, m
. if the economy hobbles along and don't get me wrong, the markets are roaring, we've had a few days where it has slowed just a bit. but the average american, the pedestrian middle class family how well are they doing? how confident are they? and if the economy slows for them, the prospects for immigration reform, i don't believe are nearly as high, if you don't get what mark has been saying now for over two weeks. the sequencing done right on this cut spending cuts and tax reform. things sound great and they're moving along now. but joe, as we talked about earlier, you're going to have reticent democrats. and even key congressional races who are going to slow down a bit and saying, look, i want immigration and guns dealt with, what are we doing about the economy and the budget, the debt, and tax reform? >> and this is, richard haas, you can only push people so far, i mean, not the republicans' best friend. this weekend said democrats you're about to lose me. i pay 40% federal, 15%. well, i hear we have it cued up. let's go. this is bill maher this weekend. >> -- actually do pay the freight in th
into the economy, until they see things change substantially. and what they're talking about in terms of substantial change is the unemployment rate going down to 6.5%. the federal reserve, they have regular meetings, they give regular statements on what they're going to do. today was one of those regular meetings that was scheduled. we were not expecting a change in rates. obviously with rates as low as they are, the only option will to be raise rates and you don't typically raise rates, wolf, unless you're trying to slow an economy down. if you raise rates, it makes it harder, more expensive for people to borrow money. they spend less. they borrow less. we're not at that point right now. so rates are staying exactly where they were, the federal reserve will continue to print and pump $85 billion into the economy. the way they do that, wolf, is they buy bonds back from banks, treasuries and mortgage-backed securities that gives banks more money to lend to businesses, and individuals for their mortgages or for their business expansion, and that puts more money into the economy. they'r
like now vicious cuts were going to destroy america's economy and all of the things they are predicting now they predicted back in 1995. they were wrong then and they are wrong now. >> as kelly just mentioned senate democrats unveiled their plan for the budget. patty murray greeted the president over lunch on tuesday. it calls for raising tax revenue by 1 trillion and slashing spending by 175 million. >> harold is smiling. >> stop shaking your head. what is up? how would you like to be a democrat going back to the people of tennessee i raised your taxes a trillion dollars? >> how are they doing it? >> i shake my head. if you're a pedestrian and watching this, this is willie's question. this is where we were six months ago, three months ago. i have great respect for senator murray and i believe she believes in their budget but they have to come together because i'm not sure shs any different. paul ryan's too. how do you examine to abolish after you had an election? >> these are political documents. paul ryan's document is a political document more than an economic document, telling ameri
, fidelity is there for your personal economy, helping you readjust your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. that work the way you wish they would. like a front-end loader you can detach from your seat? or a mower deck you just drive over and cut through knee-deep grass no problem? yep. we thought the same thing you did. that's why we build them this way. that's how we run. nothing runs like a deere. visit your dealer or johndeere.com/howwerun to see the new signature series and 1 family tractors. accomplishing even little things can become major victories. i'm phil mickelson, pro golfer. when i was diagnosed with psoriatic arthritis, my rheumatologist prescribed enbrel for my pain and stiffness, and to help stop joint damage. [ male announcer ] enbrel may lower your ability to fight infections. serious, sometimes fat
, knoxville, tennessee, have in common? they have bigger economies than cyprus. it has over a million people. gdp of about 24 billion. but this place is in big trouble right now, because of the issue of debt. what they have is a massive debt. they're spending more than they have, so they're getting a bailout from the eu of about $13 billion. we're going to do this all in dollars, not euro, to keep it all clean here. so, of course, with the bailout comes, as we've seen with other nations, you s as you austerit measures. but the savings tax. essentially, a 6.75% tax on $131,000 and below. you get the picture. if you have $131,000 in the bank right now, and this thing gets approved tomorrow, if that happens, they would come in and take about $9,000 out of your account. even more if you have more. now, the plan is if you do this, you get shares of the bank, and then, jake, when everything gets fixed, theoretically, you get your money back and maybe some more. >> tom, you said cypriots. i said cyprus. >> we'll settle that later. >> thank you so much. >>> also leading money news, how bad are thing
destruction the fuel economy. the switch away from oil to natural gas. demand is falling. supply is rising this point. so there is no reason. we should not get the soil. if the government does not address this in the investment is going to go elsewhere. it's going to go to getting the loyal to british columbia to the pacific rim and getting canadian oil we should be coming to the united states, it will be going to china if we do not been serious. melissa: always brilliant. melissa: time now for today's fuel gauge report. natural-gas futures at a new high for the year. a new forecast calling for a cold snap across much of the northeast and midwest. raising the a look for natural gas. u.s. stockpiles of natural gas also saw larger than expected drop last week to. and the iranian nuclear powerr3 plant has been taken offline. the plant's power generator is experiencing mechanical problems. that is according to iranian %-the u.s. expected played a key role and the potential development of a nuclear weapon. and speaking of iran, the u.s. extended waivers on iranian sanctions 11 countries. the 10
because of our resilient economy and our world currency status. we do not have a debt crisis right now but we snow it is coming and happening. >>peter: democratic senator durbin tried to put the comments in context this morning. >> we need to put americans back to work. that is our first priority. deficit reduction is the second priority coupled with economic growth. we can do both. make sure we have deficit reduction. also, do not cut too much too fast. >>peter: anyone trying to handicap the odds of a grand bargain should consider what speaker boehner said today when he told use he doesn't know whether democrats and republicans can come to a big agreement but he did add that he trusts president obama. >>heather: thank you, peter, from washington, dc. >>gregg: senator durbin weighing in on immigration reform today. notwithstanding the major hurdles the senator said an agreement is possible but a hathaway to citizenship need to be answers. >> we are working, hours every week, four democrats, four republicans. we are making progress. there are several problems. we are dealing with border
'm sure it will be fine >> the sequester could devastate our economy. >> fewer f.b.i. agents kids kicked out of child care program >> fewer air traffic controllers. nearly $4 million could be slashed to provide males for needy shortages. in texas nearly 10,000 fewer children will receive vaccines for diseases like whooping cough and the flu. >> jon: holy [bleep]. we're doomed. we're going to have to get jobs feeding sick children to old people. why did i only buy the hat? (crying) please tell me there's still time to fix things. >> this is the final countdown. we are just four days from the sequester deadline. >> jon: four days. that's not enough time to do anything. can't even tow a cruiseship of diarrhea to alabama in four days. are they at least working hard on fixing this some >> lawmakers left town for a week-long recess >> president obama played golf with tiger woods in florida last weekend sniem i'm sure tiger woods has a lot of sequester advice. "i don't know, mr. president. did you ever try hitting it with a club?" i don't know. for more on the sequester we go to samantha bee in
for off thor arity and a year later they're back and they're in the bond market and the economy seems to be turning around and it is the great lesson of being able to deal with tremendous adversity. irish people are much tougher than people realize all of the way back from 1847 when the british cut them off. >> take a look at colgate palmolive. you had mentioned the downgrade on valuation concerns and the stock is down 1%, but this tells an interesting tale of the markets as well where people are looking at best buy and bank of america for performance. they continue to pile into some of these stocks. >> take a look at the former cio of j.p. morgan making her way through the halls getting set to testify about the london rail losses. >> 50 interviews and 90,000 documents and essentially alleging today that the bank hid losses as far back as january 2012, and ignored multiple warnings and ignored metrics and that even jamie dimon withheld information temporarily regarding the whale loss. >> the conclusions of the committee do not read well. another reminder certainly, when you revisit th
and the economy and limiting the size of government and being fiscally responsible. that's what we're hearing folks talk about here and across the country. >> morris, senator portman's announcement comes on the heels of over 100 prominent republicans signing their name on a brief urging the supreme court to allow gay marriage. we have president obama announcing his support. are we at a watershed moment? >> i think so. i think as you look at the next anyration, the folks under 40, this is nothing that they really -- they don't really understand why the older generation doesn't get their arms around this. you know, as people personalize it, when you have a member of your family that perhaps is gay or lesbian, it's easier for you to come out as a republican, but they really are going to have to do a better job of pushing along the party. it's not as big a deal for younger americans. just as race for the other generation became less of a big deal. this will become less of a big deal for a sexual preference. >> alice, your former candidate rick santorum, he's staunchly against gay marriage. listen
disapprove of the way that he is handling the economy. the president is now making an effort to reach out to republicans by meeting with them several times over the past couple of weeks but you have is to wonder are his efforts sin? sincere. i asked lindsey graham earlier. the president spent more time on capitol hill meeting with republicans in the past week than he has for the previous four year is. senator, what is up? >> i don't know. old saying in the south it doesn't matter how you find religion as long as you do. i don't know if it is the dropping poll numbers or wants a leg icy and realizes you you can't have one without talking to republicans. either way it is a constructive thing. >> mike: i said you can't govern if you don't have relationships. >> right. >> mike: you can't have relationships if you don't look at each other face to face and spend time together. may not always be pleasant but it has got to be done. are you convinced and you were one of the senators that had dinner with him on the thursday night at the jefferson hotel. is he being a workhorse? or a showhorse? >> t
of the economy more than most and was gratified proctor cooled yesterday, k kimberley cooled. >> there is the sentiment, some anxiety things have been quiet, almost tranquil in a way. >> it's a western? the man who shot liberty prokt sfer. >> invariably something always comes. i don't know whether it will be. geopolitical as we worry or wonder or watch things in iran or north korea. i know. i'm just -- >> 1996. it was pretty darn good for a while. wasn't until the asian contagion, nine months later. >> then we got long term capital, then the fed lowered rates by 50 basis rates. off to the races like never before, ever. that being said, this is 20 13. not 1996. >> we're doing stress testing on banks like we weren't doing back then. we'll get more results tonight. >> we don't have the internet just beginning to blossom. >> no, but we do have situations where -- i'm reading about the elephant in the room which is the galaxy. suddenly they've got a keyboard -- i've been trying to get that keyboard. it does not get me wrong every single time. it remembers what i've got, what i wan
? >> it used to be a stock market was a direct barometer of america and america's economy. that is not necessarily the case anymore. main street malaise and frustration is valid. wall street, particularly talking about the dow jones industrial average, talking about the 30 biggest companies in this country, that move is valid as well. these guys are getting profits from outside of this country. the world can't get enough products from ibm. caterpillar 70% of the its business outside of this country. parent company of kentucky fried chicken, they don't care what happens here, the news from china better be good or their stock goes up and down. anywhere near all the cylinders that we could fire on and american public knows there and obviously they're very frustrated by it. martha: what do we have to do to get growth cooking back in this country again, charles? >> i got to tell you, i don't know over the next four years we will have the exact gameplan we need to be quite frank with you. there is different agenda out there controlling things, anti-business, anti-success agenda.
of that was the contribution that, well, we didn't have secure borders and at a time when the economy is cratering, all of a sudden it became a very dark process, we're eating our own tail. more jobs for immigrants may have meant less jobs for someone else. and the way you lead yourself out of that is, no, no, everyone has something to con tribute. let's get an immigration process that brings people who want to come here, who want to become americans, who want to contribute to this country not take from this country. and that's always been the republican message. fortunately, they allowed a few republican media consultants to stay. i'm happy about that. but our problems are bigger than just hispanics or women or young voters. our problems are that as a party, you're supposed to lead people over the horizon to a better place. and we for got that. we thought our principles were just good for saying no, to be the brake pedal on the car, not to get our hands on the steering wheel. but you're seeing that change. these past couple of weeks, you saw change in the cast of characters in the republican party. it
tonight's. jon: getting a read on the true u.s. economy. the dow jones has been surging. a 57 points in the mid-14,000. the national debt keeps soaring as well. washington seems unable to find a solution. the unemployment rate stubbornly high. chief correspondent jim angle takes a look. >> enormous amounts of money into the economy, they will be gasping for air. listen to this. >> it was crucial in the crisis and the fed is very powerful at stopping the fall. but it's not good at pushing one investors who don't really want employers who don't want to hire. it has been pretty unsuccessful. >> some know that some small signs of recovery in the housing market have occurred. even with the creation of 236,000 jobs in february, job growth has lagged and is still dismal. >> is the worst business cycle that we have had since the end of world war ii in terms of job creation. we haven't even gotten back to where we were at the peak of the previous business cycle. reporter: the unemployment rate remains high. administration officials predict it would be about 5%. including all of those who took
and trails only the economy as the most frequently named problem in the poll. that 20%, by the way, as i said a minute ago, is highest since early june 1974. just months, actually months before richard nixon resigned. we'll be right back. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common
into this big sphere that we call the economy. so yes, housing might have something to do with it. you have to look at how everyone else is spending. people that are investing in the dow, 80% of the dow's wealth is held by 10% of the country's wealth. if those people are feeling more wealthy, they'll buy more real estate and spend more. so you will see that frugal fatigue. people will spend a little bit more and buy more invest many properties. >> another news item from wall street is a congressional investigation found jpmorgan had misled the public. investors, regulators in connection with that massive $6 billion loss that they took last year. that got me thinking about the state of our regulatory environments. have we clean up the causes. one of the major causes of the last mess came from the housing market where you had more gangs going out to people who couldn't necessarily afford them. they were being tricked into them and not educated properly. then being packages up and sold. they were rated in a way that wasn't appropriate. have we fixed any of that mess? >> especially with this lo
over the past three years over an economy that's produced over 6.3 million private sector jobs and we have more work to do. and this president's number one priority is growth and job creation. >> what a bunch of-- there's 20 million more americans on food stamps, number one. and number two, we have one in six americans in poverty. what would dr. carson do if he was president. would you cut back? >> well, i would certainly cut back, but the pay i would cut is evenly, but i would give the managers of each department discretion because they know where the fat is. they're not going to cut the muscle, they're going to cut the fat. it seems like what the president is doing is trying to cut in the places where it hurts the most in order to prove a point and i -- if ever the mainstream media reaches a point where they recognize that if we destroy this nation and destroy the economy, they, too, will be destroyed, i think at that point they will start asking the tough questions and helping to move the population in the right direction. >> sean: don't hold your breath, dr. carson. i declared in
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